Q3 2020 Cloetta AB Earnings Call Transcript
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Good morning, and thank you for joining us on the Q3 Conference Call for Cloetta. My name is Nathalie Redmo, and I am Head of Investor Relations.
With me here today are Henri de Sauvage, CEO of Cloetta; and Frans Rydén, CFO. Henri and Frans will take you through our third quarter results, and we will then move on to a Q&A session.
I will now hand over to you, Henri.
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Very good. Thank you, Nathalie. Some key messages to start with for Q3. Very pleased, good to see that we are back to having growth in our branded business. So a good quarter driven by both marketing investments, innovation, but also increased traffic in the nonfood retail stores. A continued recovery for pick & mix, but consumer demand is still very subdued, minus 30%. Of course, it was minus 60% in quarter 2. Traffic is coming
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